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SeaDrill Limited Message Board

  • udwrigs udwrigs Mar 17, 2014 9:51 PM Flag

    Barclays calls SDRL's dividend "rock solid,"

    ....Barclays sees dividend as "rock solid"

    ....Barclays calls SDRL's dividend "rock solid," encouraged by the $0.03/share raise to $0.98 as it reflects the company's operational improvements, solid order backlog and support received from financing markets.

    Sentiment: Strong Buy

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    • Guess now a 11.8% yield is welcome for the rest of 2014

      Sentiment: Strong Buy

    • Yes,. Yahoo also adjusted amount to reflect increase. May straddle Tomorrow,and SuckTrader can do A strangle (On Hizzz Chicken).

    • ML says the same thing.....

    • Now you know what to

      Barclay’s James West and team call Seadrill’s dividend “rock solid.” They explain:

      [Seadrill] highlighted reduced activity levels due to lower capex from major oil companies, particularly in exploration and high cost areas of production. The company stated that as budgets are re-allocated, the spending slow down is pushing demand for offshore drilling assets into 2015-2016, and [Seadrill] believes the trend will lower oil production in the coming years. Additionally, the company sees challenges ahead for 4th and 5th generation rigs as new, post-Macondo requirements from oil companies have significantly limited the use of older equipment. [Seadrill] has also seen a decline in the overall number of fixtures, lead times and contract duration, and expects sublets to add to near-term supply.

      Despite the negative outlook, the company increased its quarterly cash dividend by $0.03 to $0.98/share and highlighted this new dividend level as a floor for the coming years. We are encouraged by the increase as it reflects the [Seadrill's] operational improvements, solid order backlog, and support received from financing markets.

      Sentiment: Strong Buy

      • 2 Replies to udwrigs
      • doesn't anyone worry they don't make enough to pay dividend let alone buy all these ships. They made 48 cents a share and paid out 98 cent dividend. Sooner or later there will be a cut or a dilution by way of selling more shares. I liked the dividend as long as it lasted and am glad I got out. I cannot get back in because I know one of the hammers is coming down. Cant see dividend be cut for 2 qtrs. I think they will issue shares because they must do something. They can pay off no debt and only part of dividend each qtr. Risky Risky bet. I got in Esv instead as they pay 75 cents a share and make 1.30 a share so they can buy ships and pay off debt. I liked do for a long time but have been out for a while as there earnings were dropping like a rock. Management kept giving special dividend even last qtr which is shoching.

      • 180 degree for PT was $53 no?? not long ago ???

        Sentiment: Strong Buy

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